MACROECONOMIC ANALYSIS SERIES: BI Board of Governor Meeting, February 2023
Massive inflationary pressures last year, were met by consistent monetary tightening efforts by Bank Indonesia since last August. As a result, headline inflation continued
Massive inflationary pressures last year, were met by consistent monetary tightening efforts by Bank Indonesia since last August. As a result, headline inflation continued
Pressured by increasing global energy and food prices combined with seasonal patterns of Christmas and year-end festivity, Indonesia ended 2022 with headline inflation of
November inflation stood at 5.42% (y.o.y), continuing its deceleration pattern in the last three months. A combination of seasonal events as well as impact
Although easing due to lower food prices, inflation is still far above BI’s target range at 5.95% (y.o.y) in October 2022, following the increase in
Inflation continues to soar above the BI’s target range after the adjustment of subsidized fuels prices in early September 2022. The price level of
Athough inflation eased in August 2022, it is still well above BI’s target range and expected to accelerate in the remaining months of 2022
A midst a bleak outlook for global growth and elevated inflation level everywhere, Indonesia’s economy has shown a more optimistic attitude in the remainder
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